It is a great market to sell your house, and if you are a buyer, you will want to be pre-approved so that when your perfect house hits the market, you can move quickly!

2018

2017

Total Active Listings

1.0% decrease compared to 2017

Ames

971

905

Boone

383

388

Madrid

40

45

Nevada

135

171

Ogden

49

85

Average Sale Price

2.9% increase compared to 2017

Ames

$254,498.00

$250,375.00

Boone

$138,055.00

$133,996.00

Madrid

$166,571.00

$161,861.00

Nevada

$177,326.00

$169,129.00

Ogden

$153,038.00

$149,347.00

Number Sold

6.9% decrease compared to 2017

Ames

642

651

Boone

269

280

Madrid

26

36

Nevada

91

111

Ogden

31

59

Total Active Listings

4.4% increase since July 2017

Ames

274

227

Boone

75

74

Madrid

10

11

Nevada

36

52

Ogden

10

24

Average Sale Price

36.9% increase compared to July 2017

Ames

245,981

261,003

Boone

138,635

142,220

Madrid

211,500

130,375

Nevada

202,488

130,275

Ogden

260,000

109,608

Number Sold

3.1% decrease compared to July 2017

Ames

90

74

Boone

21

27

Madrid

3

4

Nevada

8

16

Ogden

1

6

Overall, the market is slowly getting healthier, which is great for buyers and sellers

Avg. Days on Market

Ames

66

47

Boone

51

57

Madrid

52

39

Nevada

59

54

Ogden

51

64

Absorption Rate

Ames

3.57

2.72

Boone

2.31

2.63

Madrid

2.74

2.43

Nevada

3.2

3.46

Ogden

2.39

3.87

Absorption Rates?

Absorption Rate (n): How long the current inventory of properties would last at the current rate of sales.

Healthy number: 6.0

Importance? This number indicates the number of months required to sell all of the properties on the market if no new properties were added to the market and sales continued at a steady pace. All five markets are showing as
seller's markets as houses are being sold faster than they are being put on the market.

Avg. Days on Market

Ames

46

42

Boone

58

65

Madrid

23

36

Nevada

17

22

Ogden

44

8

Absorption Rate

Ames

2.96

3.73

Boone

2.75

2.13

Madrid

3.43

2.8

Nevada

3.87

3.19

Ogden

4.5

2.08

Absorption Rates?

Absorption Rate (n): How long the current inventory of properties would last at the current rate of sales.

Healthy number: 6.0

Importance? This number indicates the number of months required to sell all of the properties on the market if no new properties were added to the market and sales continued at a steady pace. All five markets are showing as
seller's markets as houses are being sold faster than they are being put on the market.